IBD Rating Upgrades: Phillips 66 Partners Shows Improved Relative Price Strength

On Wednesday, Phillips 66 Partners (PSXP) earned a positive adjustment to its Relative Strength (RS) Rating, from 69 to 72.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.

History reveals that the best-performing stocks often have an 80 or higher RS Rating as they begin their largest price moves. See if Phillips 66 Partners can continue to rebound and clear that threshold.

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Phillips 66 Partners is trying to complete a consolidation with a 42.27 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.

Taking a look at top and bottom line numbers, the company has posted two quarters of rising earnings growth. Revenue gains have also increased over the same time frame.

Phillips 66 Partners holds the No. 12 rank among its peers in the Oil&Gas-Transportation/Pipeline industry group. Oneok (OKE) and Cheniere Energy Partners (CQP) are also among the group’s highest-rated stocks.


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